Their own payment-practices filing · gov.uk
Michael I Holdsworth Limited pays suppliers in 36 days on average — within its stated 1–306 day terms
Their H1 2026 filing puts the average 35 days past the shortest term they state (1 days), still within their 306-day upper term.
- Their stated terms
- 1–306 days
- Paid outside agreed terms
- 5% of invoices
- Paid after 61+ days
- 2%
- Reporting period
- 1 Mar 2026 – 31 Aug 2026
- Source
- their gov.uk filing, filed 4 Sept 2026
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2026 filing
Paid within their stated range — 36 against 1–306 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 14 reports
39 → 36 days — getting faster
The read · computed from their figures
Michael I Holdsworth Limited's H1 2026 filing puts their average at 36 days against stated terms of 1–306 days; 5% of invoices were paid outside agreed terms and 2% took 61 days or longer. Filed 4 Sept 2026.
The direction is faster: from 39 days in H1 2022 to 36 now — 3 days faster across their last 6 reports.
On the latest reported averages: Faster than 54% of the 815 large companies reporting in wholesale & retail trade.
That is 14 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.
What they tell their suppliers
In their own words · from the filing
Standard payment terms
We have weekly payment terms for local suppliers and small businesses We have an End of the month following the month of supply We part pay our Rates bills over 306days by direct debit We have special terms and pay some suppliers by direct debit ie., Utility suppliers We may enter into arrangements to pay a supplier by percentage of a Gross amount – until the supply is complete We may make staged payments to a supplier until the supply is complete We do not pay any supplier without receipt of a statement (unless there is only one invoice outstanding) This can cause delays as some Suppliers do not issue statements! And need constant chasing Unfortunately, when suppliers charge us incorrectly and don’t send in credit notes on a timely basis we are in breach of the agreed terms.
Dispute resolution
During invoice processing it will be determined if there is a dispute with the invoice ie., incorrect prices, short deliveries, none deliveries, wrong goods delivered, damaged goods delivered, return of goods or goods need returning, as Holdsworth did not order the goods delivered Holdsworth email/write and phone the suppliers to request credit notes or collections
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2026 | 36 | 5% | 2% | 4 Sept 2026 |
| H1 2026 | 38 | 11% | 5% | 4 Jun 2026 |
| H1 2025 | 37 | 12% | 2% | 18 Dec 2025 |
| H1 2023 | 39 | 3% | 1% | 22 Sept 2023 |
| H1 2023 | 39 | 5% | 1% | 24 Mar 2023 |
| H1 2022 | 39 | 8% | 2% | 15 Sept 2022 |
| H1 2022 | 40 | 8% | 2% | 10 Mar 2022 |
| H1 2021 | 40 | 8% | 2% | 21 Sept 2021 |
| H1 2021 | 41 | 11% | 2% | 26 Mar 2021 |
| H1 2020 | 41 | 22% | 4% | 25 Sept 2020 |
| H1 2020 | 41 | 21% | 1% | 27 Mar 2020 |
| H1 2019 | 40 | 36% | 0% | 26 Sept 2019 |
| H1 2019 | 41 | 83% | 2% | 27 Mar 2019 |
| H1 2018 | 34 | 62% | 1% | 27 Sept 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 12 Jun 1986
- Registered office
- MANCHESTER ROAD, TIDESWELL, DERBYSHIRE, SK17 8LN
Illustrative · working-capital arithmetic
What a 36-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 36-day vs a 1-day payment cycle.
Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.
Quick answers · Michael I Holdsworth Limited
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How UK payment reporting works
What is a Payment Practices Report?
What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.
The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).
Report PL-02027459 · latest period to 31 Aug 2026
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